By Roger Ebert: If this man is correct, you may be reading the most important story in today's paper

[rabot10]

Re: By Roger Ebert: If this man is correct, you may be reading the most important story in today's paper

Steve just re read your post - your the retard, man you are one stuip dude! Feel free to disagree but it won't change the facts that your one stupid dude.

[aaron]

Re: By Roger Ebert: If this man is correct, you may be reading the most important story in today's paper

--> I agree with Steve, however we do need to develop alternative energy and higher efficiencies for the day that oil runs out. It is not fair to future generations that we waste any precious black gold. For now, natural gas and nuclear need a lot more investment.

It has taken me a long time to "get" Steve. His delivery is far from perfect, but he is definitely not stuip (sic).

[Ghent12]

Re: By Roger Ebert: If this man is correct, you may be reading the most important story in today's paper

--> I agree with Steve, however we do need to develop alternative energy and higher efficiencies for the day that oil runs out. It is not fair to future generations that we waste any precious black gold. For now, natural gas and nuclear need a lot more investment.

It has taken me a long time to "get" Steve. His delivery is far from perfect, but he is definitely not stuip (sic).

Question: How is it unfair to future generations? We kill future generations by the millions (globally) through abortion and horribly unsanitary conditions, etc., and by not establishing higher standards of living because we choose to "save" oil for the future, are we not just dooming future generations to squalor indefinitely?

[bobola]

Re: By Roger Ebert: If this man is correct, you may be reading the most important story in today's paper

Access to oil doesn’t guarantee progress. Nigeria is a good example of an oil rich country with a number of social & economic problems.

“Oil-rich Nigeria, long hobbled by political instability, corruption, inadequate infrastructure, and poor macroeconomic management, has undertaken several reforms over the past decade. Nigeria's former military rulers failed to diversify the economy away from its overdependence on the capital-intensive oil sector, which provides 95% of foreign exchange earnings and about 80% of budgetary revenues.

Following the signing of an IMF stand-by agreement in August 2000, Nigeria received a debt-restructuring deal from the Paris Club and a $1 billion credit from the IMF, both contingent on economic reforms. Nigeria pulled out of its IMF program in April 2002, after failing to meet spending and exchange rate targets, making it ineligible for additional debt forgiveness from the Paris Club. Since 2008 the government has begun showing the political will to implement the market-oriented reforms urged by the IMF, such as to modernize the banking system, to curb inflation by blocking excessive wage demands, and to resolve regional disputes over the distribution of earnings from the oil industry.

In 2003, the government began deregulating fuel prices, announced the privatization of the country's four oil refineries, and instituted the National Economic Empowerment Development Strategy, a domestically designed and run program modeled on the IMF's Poverty Reduction and Growth Facility for fiscal and monetary management. In November 2005, Abuja won Paris Club approval for a debt-relief deal that eliminated $18 billion of debt in exchange for $12 billion in payments - a total package worth $30 billion of Nigeria's total $37 billion external debt. The deal subjects Nigeria to stringent IMF reviews.

Based largely on increased oil exports and high global crude prices, GDP rose strongly in 2007-09. President YAR'ADUA has pledged to continue the economic reforms of his predecessor with emphasis on infrastructure improvements. Infrastructure is the main impediment to growth. The government is working toward developing stronger public-private partnerships for electricity and roads.”

https://www.cia.gov/library/publicat...k/geos/ni.html

[Ghent12]

Re: By Roger Ebert: If this man is correct, you may be reading the most important story in today's paper

Access to oil doesn’t guarantee progress. Nigeria is a good example of an oil rich country with a number of social & economic problems.

That's true; having oil does not make a country's standard of living increase by itself. However, access to oil and petroleum-based products is a prerequisite for any standard of living that could be considered decent or better.

It's kind of like like the old expression about money not making someone happy. It's true, but while money by itself doesn't make you happy, you need access to some money in order to have more than a subsistence level of enjoyment in life.